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How I Bank: Online Banking
I actually started online banking back in 1998/1999 when I first read an article on online banking in BusinessWeek. The article was comparing two internet banks, and I chose to give NetBank a try. NetBank was one of the highest yielding banks in the nation at that time according to www.bankrate.com, and has been so […]
Continue readingSteps To Wealth: Saving and Networth
Saving = Income – Expense Networth = Asset – Liability Accumulating networth is a process by which one controls the expenses and trickle down the savings into growable assets, while reducing liability. Sounds simple? Yes, it’s easier said than done. But that’s how it always is. If you don’t get a lottery income, or don’t […]
Continue readingWhy Is Your Home The Best Investment
Well, I should really qualify the title of this, by not buying the home in a bubble. Whether our current housing market is a bubble or not is debatable. Under normal circumstances however, buying a home is usually your best investment. And the reason is inflation. Historically, housing price tracks inflation fairly well. Since inflation […]
Continue readingStages In Life: Retirement Planning
Most people when they finally get out of school and start their first job, are so happy with their financial independence and the first paycheck, that they splurge the entire paycheck, if not more. Few people think so far ahead about the next stages in life, of getting married, having a family, and eventually retiring from work. If one doesn’t […]
Continue readingMy Budget Saving
I’m going to use a household wage income of $100K for tabulating this budget, since it’s an easy round number, and it’s also quite close to my salary. I’m estimating taxes that are due to the wage income, using my 2006 tax calculator. item amount comment Mortgage 1270 Homeowner due 165 Includes the insurance for […]
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